This indicator calculates and plots a session-based volume profile directly on the price chart. It maps volume distribution across price levels, highlighting key structural reference points including the Point of Control, Value Area High, and Value Area Low. C
Indicator · Pine Script v6 · On the chart
Time Weighted Average Price (TWAP)
This indicator calculates a session-based time-weighted average price as the simple average of a chosen source series since the last reset.
GitHub stars2on the repository
Pine versionv6current
Lines of code56
Settings2inputs
LicenceNone stated
Last update9 months ago25 Jan 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Time Weighted Average Price (TWAP) plots that value as a yellow line on the price chart. The source defaults to the average of open, high, low, and close. The session reset setting chooses when the running sum and bar count restart, from one minute through yearly periods, or never. It does not generate entries, exits, or alerts.
- Session-based simple price average
- Configurable source series
- Reset intervals from minutes to years or never
- Yellow overlay plot on the price chart
Details
Published by
mushroom-men-Trading on GitHub
Code credit
mihakralj, as written in the script's header
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volume, Sessions & time
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | ohlc4 | i_source |
| Session Reset | string | 1D | i_session_type |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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